Wed. Oct 27th, 2021

How to exchange GBPUSD?

How to exchange GBPUSD?

Today I will tell you a little more about GBPUSD trading.
I know it’s also a favorite pair of many traders.
But what can you expect from this couple?
I also think GBPUSD is a good trading pair.
It is a bit quieter than GBPJPY but maybe a bit more aggressive than EURUSD.

The behavior of GBPUSD.

If you know GBPUSD well, it’s actually a pretty easy pair to trade.
Often this pair moves very well in their areas and is much less manipulative than GBPJPY and XAUUSD for example.
So it’s a good trading pair for a novice trader. It may be a bit similar to EURUSD.
With this pair, you can often also use a tight stop loss and let the price go to your Take Profit.

How to exchange GBPUSD?

We see above a good example of an uptrend in the h4 time period in GBPUSD.
We see here that during the upward trend we can find several times to make a good purchase.
We can also see that GBPUSD moves very well between the supply and demand areas and also does not test the areas very thoroughly.
In fact, the price continues on its way once the price has hit the area. This is also what you see in GBPUSD.

How to exchange GBPUSD?

In the image above we see the same graph, but we change again to the time periods h1.
See how many beautiful and good entries you can make in this upward trend.
But also GBPUSD moves very well in a bearish trend and even if it is fluctuating.
What I have also noticed is that this pair can be traded very well in the supply and demand areas.
My advice is that if you want to learn how to trade well with GBPUSD, you should definitely look into this pair.

Tip

In order to see and recognize this, it is best not to have open currency pair lists at the beginning.
Preferably choose 3 and get to know them completely.
You often see very well the behavior patterns of a particular couple.
And so you can learn to negotiate better.
The trick is not the better, but the less you will earn trades.

In addition to what I’ve explained now, of course you should pay attention to more things before doing an operation.
Want to know what it is exactly?
You will learn all this in the course, but applying it will need a little practice.

Do you want to become a successful supply and demand trader or do you want to know how to trade GBPJPY?

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